The State’s General Budget
Law (No. 53) of 1973, as amended (available in Arabic to the public) sets out
the code and executive regulations for the budget and the final accounts

Article 13 states that every year the MOF “shall issue
a circular letter which shall include the rules to be followed and applied
by the Entities, when preparing the draft of their budget, in light of the
planned objectives required to be achieved, in accordance with the general
policy of the State.”

Article 15 states that the MOF “shall undertake the
preparation of the draft of the State’s general budget ... All Entities
shall undertake to provide all details, information and clarifications
required by the Ministry of Finance.”

Articles 189-192 set out the rules for the final
accounts and requiring the MOF to prepare the final accounts and the
Central Audit Organization (CAO) to audit the final accounts and balances
sheets of the budget units, economic authorities, and public enterprises.
The circular letter covers budget units, extrabudgetary units, social
insurance funds, economic authorities, and public companies.

The social insurance
funds (SIFs) are part of the National Authority for Social Insurance, which is
an economic authority. Law No. 53/1973, as amended provides the MOF with the
authority to collect data from these funds. These funds are regulated by Law
No. 79/1975, as amended and additional pension schemes by Law No. 112/1980 and
Law No. 108/1981.

Government Accounting
Law (No. 127) of 1981, as amended sets out the rules, for the budget sector and
the economic authorities, it includes the standards to be followed by the
financial controllers in each agency. An annex to Law No.127/1981, Ministerial
Decree (No. 181) of 1982, provides specific instructions, for example, on how
to record transactions and procedures for disbursements.

Copies of the
legislation cited may be obtained by contacting the MOF. These laws/acts are
available in Arabic language, along with the documented translation, in
specialized book stores.

The Treasury Department
and the Minister’s Office Sector are responsible for collecting and processing
the fiscal data of the budget and the outturn for statistical purposes and
provide them to the Macro-Fiscal Unit for dissemination.

Central government operations

The State’s General Budget Law (No. 53) of 1973, as amended (available in Arabic to the public) sets out the code and executive regulations for the budget and the final accounts.

Article 13 states that every year the MOF “shall issue a circular letter which shall include the rules to be followed and applied by the Entities, when preparing the draft of their budget, in light of the planned objectives required to be achieved, in accordance with the general policy of the State.”

Article 15 states that the MOF “shall undertake the preparation of the draft of the State’s general budget ... All Entities shall undertake to provide all details, information and clarifications required by the Ministry of Finance.”

Articles 189-192 set out the rules for the final accounts and requiring the MOF to prepare the final accounts and the Central Audit Organization (CAO) to audit the final accounts and balances sheets of the budget units, economic authorities, and public enterprises. The circular letter covers budget units, extrabudgetary units, social insurance funds, economic authorities, and public companies.

The social insurance funds (SIFs) are part of the National Authority for Social Insurance, which is an economic authority. Law No. 53/1973, as amended provides the MOF with the authority to collect data from these funds. These funds are regulated by Law No. 79/1975, as amended and additional pension schemes by Law No. 112/1980 and Law No. 108/1981.

Government Accounting Law (No. 127) of 1981, as amended sets out the rules, for the budget sector and the economic authorities, it includes the standards to be followed by the financial controllers in each agency. An annex to Law No.127/1981, Ministerial Decree (No. 181) of 1982, provides specific instructions, for example, on how to record transactions and procedures for disbursements.

These laws/acts are available in Arabic language, along with the documented translation, in specialized book stores. Copies of the legislation cited may be obtained by contacting the MOF.

The Treasury Department and the Minister’s Office Sector are responsible for collecting and processing the fiscal data of the budget and the outturn for statistical purposes and provide them to the Macro-Fiscal Unit for dissemination.

There is a full coordination between the Ministry of Finance (MOF) and the relevant ministries and authorities that involved in producing data in particular the central bank of Egypt (CBE) the Ministry of Planning (MoP) the Central Agency of Public Mobilization and Statistics (CAPMAS).

There is a full, integrated and comprehensive set of measures as well as facilities are being completed for introducing the computerization in the process of budget preparation, execution and financial reporting.

Disclosure of terms and conditions for statistical collection, processing and dissemination are bound by the budget law, its amendments and executive regulations for the purpose of financial reporting.

No officials outside the Ministry of Finance have access to the data prior to their release to the public.

data are made available to the concerned groups, such as various Ministries' and People’s Assembly members upon request. The public only can have access to data after approval by the People’s Assembly.

Methodological changes, if adopted, would be communicated to users upon first release of the affected data through footnotes to the relevant tables in the hard copy of the Egyptian Economic Bulletin issued by the MoF available on its website (http//www.mof.gov.eg) and in the CBE's publications.

Analytical framework: Government finance statistics are classified, compiled and disseminated based on the recommendations of A Manual on Government Finance Statistics 2001 (GFSM 2001). Government finance statistics cover Central/General Government Operations. Effectively, the Central Administration units, Local Administration units and the Public Service Authorities are intertwined and constitute the structure of the State's General Budget, as the governorates are dependent on the treasury in financing their own deficits.

Institutional coverage: Data are available for the budgetary sector, covering the following entities:

Central Administrative units;

Governorates Administrative units; and

Public Service Authorities.

The 28 governorates and the City of Luxor, which are legally local governments, are considered dependent agencies of central government when compiling government finance statistics because they do not have sufficient financial independence to be considered as a separate level of general government.

Central government comprises: 157 central administrative units represent various ministries and their affiliated agencies, 29 local administrative units (28 governorates and the City of Luxor), and 145 Public Service Authorities , these agencies that provide social services, such as universities, teaching hospitals , and many research centers etc.

The fiscal data of the central government operations include the details of the revenues and expenditures based on the recommendations of A Manual on Government Finance Statistics 2001 (GFSM 2001). Detailed data are published by the Ministry of Finance in detailed in its regular Egyptian Economic Review and the Quarterly and Monthly Statistical Bulletin of Central Bank of Egypt (CBE), available on the MoF’s website (http://www.mof.gov.eg) and on the CBE’s website (http://www.cbe.org.eg).

I – Sources are disaggregated to five chapters of which three chapters for the revenues side stipulated hereunder:

Tax revenue such as Tax on Income, Profits, and Capital gains. Tax on properties, Tax on Goods and services and Tax on International Trade and Transactions and other taxes.

Grants, which are disaggregated to grants from International Government and from International Organizations, and from Government entities.

Other Revenues such as property income, Sales of Goods and Services, Fines, Penalties and voluntary transfers and miscellaneous revenues.

II - Uses, are disaggregated to eight chapters of which six chapters for the expenditures side that stipulated hereunder:

Compensation of Employees.

Purchases of Goods and Services

Interests

Subsidies, Grants and Social Benefits.

Other Expenditures.

Purchases of non-financial assets

Netting out the difference among the aforementioned chapters both sides (Revenues – Expenditures) generate (the cash balance).

Cash balance is added to the net acquisition of financial assets (the difference between chapter four in the sources side titled (Receipts from Lending and Sales Of Financial Assets) minus chapter seven in the uses side that titled (Acquisition of financial assets) generate the overall balance.

III - Financing, disaggregated to

Net Borrowing ( the difference between chapter five in the sources side titled (Borrowing ) minus chapter eight in the uses side that titled (Repayment of Loans)

Valuation: Stocks and flows are recorded at current market prices. Gross debt is valued at face value.

The valuation is generally consistent with the requirements of GFSM 2001.

Amounts denominated in foreign currency are converted to the national currency using the official daily exchange rate provided by the Central Bank of Egypt. This is the average after 4:00 p.m. of sales and purchases.

Data sources: In accordance with the budget law, Law No. 53/1973 , as amended, data is covering the full range of economic stocks and flows, as required under GFSM 2001, are provided from all government units ( central administration units, local administration units and public service authorities units ) CBE, to the Central Treasury Department and the Minister’s Office Sector for preparing financial reports: .

Assessment and validation of source data are undertaken by financial controllers in each budgetary agency and economic authority in accordance with the accounting law and regulations. Source data are subject to external audit. Coordination arrangements with the CBE are in place and reconciliations of financing to the monetary and debt data are regularly made.

The data is preliminary upon release. Datacan be revised till final annual data. Revisions to the data are indicated in footnotes to the table. Final revised annual data are publishedfour months after the reference year and after approval by the Parliament (elected body in Egypt). They are published by the Ministry of Finance in detailed in its regular Egyptian Economic Review available on the MOFs website (http://www.mof.gov.eg) and the Quarterly Statistical Bulletin of Central Bank of Egypt (CBE), available on the CBE’s website (http://www.cbe.org.eg/).

Central Administrative Units - All the Ministries and agencies affiliated to them;

Local Administrative Units – 28 Governorates of Egypt’s administrative offices and city of Luxor administrative office;

Public Service Authorities – Government administered organizations that provide social services, such as universities, teaching hospitals, and many of the research centers, etc.

Data are disseminated on:

I – Sources are disaggregated to five chapters of which three chapters for the revenues side stipulated hereunder:

Tax revenue such as Tax on Income, Profits, and Capital gains. Tax on properties, Tax on Goods and services and Tax on International Trade and Transactions and other taxes.

Grants, which are disaggregated to grants from International Government and from International Organizations, and from Government entities.

Other Revenues such as property income, Sales of Goods and Services, Fines, Penalties and voluntary transfers and miscellaneous revenues.

II - Uses, are disaggregated to eight chapters of which six chapters for the expenditures side that stipulated hereunder:

Compensation of Employees.

Purchases of Goods and Services

Interests

Subsidies, Grants and Social Benefits.

Other Expenditures.

Purchases of non-financial assets

Netting out the difference among the aforementioned chapters both sides (Revenues – Expenditures) generate (the cash balance).

Cash balance is added to the net acquisition of financial assets (the difference between chapter four in the sources side titled (Receipts from Lending and Sales Of Financial Assets) minus chapter seven in the uses side that titled (Acquisition of financial assets) generate the overall balance.

II- Financing, disaggregated to

Net Borrowing ( the difference between chapter five in the sources side titled (Borrowing ) minus chapter eight in the uses side that titled (Repayment of Loans)

Net Privatization Proceeds The fiscal year begins on July 1 and ends on June 30.

The financial report and the Egyptian Economic Monitor issued by the Ministry of Finance available on the MOFs website and the, Monthly Economic Bulletin of the Central Bank of Egypt, available (in English and Arabic) Central Bank of Egypt.

Fiscal data are available on the Ministry of Finance website ( www.mof.gov.eg) Monthly Economic Bulletin of the Central Bank of Egypt, available (in English and Arabic) on the CBE Internet webpage (http://www.cbe.org.eg/).

The Ministry of Finance (MOF) has not published documentation on methodology and sources used in preparing Egypt’s fiscal sector statistics. Users may refer to the IMF’s 2001 Government Financial Statistics Manual for information on the compilation methodology used by the MOF with regard to definitions, sources, and methodology.

Bulletins, documents issued by the ministry of finance are available upon request

Notes:

Last posted: Date IMF staff last posted an update to these metadata on the
DSBB.
Last certified: Date subscriber last officially certified the accuracy of
these metadata.
Last updated: Date subscriber last submitted an update of these metadata
to the IMF.